Latest Turnaround News

Alara Resources delivered its strongest quarterly copper sales since commercial operations began, while production remained above nameplate capacity at its Oman mine. Yet the company says the parent may need to raise about A$6 million in FY27 to cover a projected cash shortfall.

Pure Foods Tasmania has reported a deeper FY26 loss, negative cash and a material uncertainty over its ability to continue as a going concern. The company says existing facilities may be insufficient from February 2027, with further equity funding uncommitted and a second bank covenant breach possible.

Pure Foods Tasmania reported a sharper September quarter, with customer receipts rising to A$1.22 million while operating cash outflow fell to A$311,000. The company remains cash flow negative and reliant on financing capacity, but says the figures mark progress towards a sustainable turnaround.

Dubber reported $1.3 million of positive operating cash flow in Q1 FY27, alongside $7.7 million in revenue and $16.2 million of total liquidity. The company is now shifting from cost reduction towards growth, with new AI products and the proposed Daisee acquisition next in line.

Alara Resources has reported its first full-year profit after its Oman copper operation produced above nameplate capacity, lifting revenue 145% to A$135.3 million. The turnaround is substantial, but negative operating cash flow and a planned A$6 million equity raise keep the balance sheet firmly in focus.

Hydration Pharmaceuticals is asking eligible shareholders for up to A$1.43 million in fresh capital as it funds the next phase of its turnaround. The non-renounceable offer comes with free options, but is neither underwritten nor subject to a minimum subscription.

Anagenics says restructuring has reduced quarterly operating cash outflows to A$10,000 and put the business into profitable trading. The company ended September with A$532,000 in cash, while A$377,000 of newly invoiced royalty revenue was still to be received.

Bentley Capital returned to profit in FY2026 after receiving $300,000 from legal-cost and deposit settlements. The result lifted net tangible assets, but the listed investment company remains heavily dependent on Strike Resources and has limited cash relative to its liabilities.

Bapcor says its operational reset is beginning to show through, with first-quarter Trade sales up 2.5%, margins improving and net debt falling to $116 million. The recovery remains early, however, with Retail still under pressure and FY27 earnings weighted heavily to the second half.

Nick Scali expects first-half FY27 underlying net profit of $28 million to $32 million after a sharp slowdown in Australia and New Zealand. The UK business is growing strongly, but ANZ revenue is forecast to fall 11% to 14% and the company has booked almost $1 million in cyber incident costs.

Woodside delivered a stronger third quarter as production rose 12% and operating revenue reached US$4.281 billion. Scarborough is now 99% complete and remains on track for its first LNG cargo in Q4, while the company moves to reduce its Beaumont New Ammonia investment.

Camplify Holdings generated $1.438 million in operating cash flow in the first quarter of FY27 and ended September with $11.333 million in cash and no debt. But GTV fell 27% year on year and forward bookings remained 17% below the prior corresponding period, leaving the summer booking cycle as the key test.